Mortgage expert believes rates won’t go any lower

<img class="alignright size-medium wp-image-28692" src="http://www.realwealthaustralia.com/wp-content/uploads/2016/06/rate-cuts-300×169.jpg" alt="rate cuts" width="300" height="169" srcset="https://www.realwealthaustralia explanation.com/wp-content/uploads/2016/06/rate-cuts-300×169.jpg 300w, https://www.realwealthaustralia.com/wp-content/uploads/2016/06/rate-cuts-500×282.jpg 500w, https://www.realwealthaustralia.com/wp-content/uploads/2016/06/rate-cuts.jpg 728w” sizes=”(max-width: 300px) 100vw, 300px” />There has been much discussion around the possibility of further rate cuts this year, which would bring mortgages to the lowest levels they’ve been in decades.

But at least one major mortgage figure doesn’t believe mortgage holders will receive any further cuts.

The founder of non-bank lender Aussie Home Loans, John Symond, has gone on the record to state that the Reserve Bank interest rate cuts don’t have the impact they used to.

“I’m hoping it won’t happen because I’m hoping the Australian economy does better than it has, and it doesn’t go backwards because every time rates go down,” he says, adding, “it’s a measure of the health of our economy.”

About Helen Collier-Kogtevs

Helen Collier-Kogtevs is the Managing Director of Real Wealth Australia, a leading education and mentoring company for real estate investors. Not only is she a highly successful property investor and an educator, but also a best-selling author, and a philanthropist.

Helen is particularly passionate about helping people, especially people who are keen to create wealth and make a difference in their lives, and she has been mentoring thousands of new and experienced investors in their pursuit of wealth creation through property.

She founded Real Wealth Australia to mentor investors create wealth and financial freedom by focusing on helping them build an investment strategy to fit their individual goals, rather than focusing on one particular investing method using her successful property investing system